MIRA INFORM REPORT
|
Report No. : |
342024 |
|
Report Date : |
22.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOLDI GREEN TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 239, Shop No. 2, Suraj Darshan Apartment, Pajwa Falia, Greenlines,
Katargam, Surat – 395004, Gujarat |
|
Tel No.: |
91-261-3099999 (Mr. Alpesh) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.02.2011 |
|
|
|
|
Com. Reg. No.: |
04-064163 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 11.339 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40100GJ2011PTC064163 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTG02279E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECG1248F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing, exporting and
importing of photovoltaic (PV) solar modules/panels. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 350000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated on 23rd February, 2011. It is promoted
by Mr. Ishverbhai Dholakia, Mr. Prabhudas Dholakia and Mr. Bharatkumar Bhut.
It is engaged in the business of manufacturing, exporting and importing of
photovoltaic (PV) solar modules /Panels. It has moderate track record. Management has reported moderate liquidity position and external
borrowings of the company which has increased as compare to previous year.
Further, the rating also takes into consideration highly competitive and
fragmented solar industry. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BB |
|
Rating Explanation |
Have moderate risk of default. |
|
Date |
December 24, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A4 |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk |
|
Date |
December 24, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Alpesh |
|
Designation : |
Admin |
|
Contact No.: |
91-261-3099999 |
LOCATIONS
|
Registered Office : |
Plot No. 239, Shop No. 2, Suraj Darshan Apartment, Pajwa Falia,
Greenlines, Katargam, Surat – 395004, Gujarat, India |
|
Tel. No.: |
91-261-3099999 (Mr. Alpesh) |
|
Fax No.: |
91-261.2537264 |
|
E-Mail : |
alpesh@goldigreen.in |
|
Website: |
|
|
|
|
|
Admin Office and Factory : |
Block No. 11A, Plot No. J and K1, Bs. IOC Petrol Pump, Pipodara NH 8,
District – Surat – 394110, Gujarat,
India |
|
Tel. No.: |
91-261-3099999 |
|
Fax No.: |
91-261-3099900 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. lshverbhai Arjanbhai Dholakiya |
|
Designation : |
Director |
|
Address : |
81B, Vallabhnagar Co-operative Housing Society, Limited, Varachha, Road, Surat – 395006, Gujarat, India |
|
Date of Appointment : |
23.02.2011 |
|
DIN No. : |
01981790 |
|
|
|
|
Name : |
Mr. Bharatkumar Laxmanbhai Bhut |
|
Designation : |
Director |
|
Address : |
24, Ranchodji Park Society, Near, Kantareshwar Mahadev Road, Katargam, Surat – 395004, Gujaral, India |
|
Date of Appointment : |
23.02.2011 |
|
DIN No. : |
02069655 |
|
|
|
|
Name : |
Mr. Chetan Sureshchandra Shah |
|
Designation : |
Director |
|
Address : |
106, Sant Tukaram Society iii" Opposite Vivekanand Garden, Ghod Dod Road" Surat – 395007, Gujarat, India |
|
Date of Appointment : |
12.08.2011 |
|
DIN No. : |
02253886 |
|
|
|
|
Name : |
Mr. Prabhubhai Parbatbhai Dholakia |
|
Designation : |
Director |
|
Address : |
4, Gayatrinagar Society, Vibhag – 5" Katargam Road" Surat, 395004, Gujarat, India |
|
Date of Appointment : |
23.02.2011 |
|
DIN No. : |
03412446 |
KEY EXECUTIVES
|
Name : |
Mr. Alpesh |
|
Designation : |
Admin |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Parbhudas Parbatbhai Dholakia |
868684 |
|
Ishverbhai Arjanbhai Dholakiya |
67657 |
|
Bharatkumar Laxmnbhai Bhut |
13100 |
|
Chetan Sureshchandra Shah |
17228 |
|
Numeric Commodeal Private Limited , India |
140800 |
|
Rinkal B. Bhut |
8380 |
|
Paulomi Shah |
9963 |
|
Hansaben Ravjibhai Sutaria |
7976 |
|
Niravbhai Dineshbhal Narola |
100 |
|
Total |
1133888 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
12.42 |
|
Directors or relatives of Directors |
85.00 |
|
Other top fifty shareholders |
2.58 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing, exporting and
importing of photovoltaic (PV) solar modules/panels. |
|
|
|
|
Products : |
Solar Panel |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Solar Panel |
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Countries : |
Europe Countries |
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Imports : |
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Products : |
Raw Material |
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Countries : |
|
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Terms : |
|
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Selling : |
Cash and Cheque |
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|
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
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Auditors : |
|
|
Name : |
Gasv and Company Chartered Accountants |
|
Address : |
110, The Financial Super Market, 1st Floor, 21st
Century Business Center, Ring road, Surat – 395002, Gujarat, India |
|
PAN No.: |
AAFFG4749P |
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|
|
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Memberships : |
Not Divulged |
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|
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Collaborators : |
Not Divulged |
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|
Company in which KMP / Relatives of KMP can exercise significant
influence |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1133888 |
Equity Shares |
Rs.10/- each |
Rs. 11.339 Million |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
11.339 |
11.339 |
8.510 |
|
(b) Reserves &
Surplus |
110.529 |
101.851 |
74.625 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
5.742 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
121.868 |
118.932 |
83.135 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
78.479 |
37.890 |
6.975 |
|
(b) Deferred tax
liabilities (Net) |
5.505 |
2.118 |
0.142 |
|
(c) Other long term
liabilities |
0.089 |
76.256 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
84.073 |
116.264 |
7.117 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
72.132 |
68.953 |
0.000 |
|
(b) Trade payables |
38.567 |
6.492 |
0.000 |
|
(c) Other current
liabilities |
5.769 |
2.567 |
0.062 |
|
(d) Short-term provisions |
1.891 |
0.316 |
0.050 |
|
Total Current Liabilities
(4) |
118.359 |
78.328 |
0.112 |
|
|
|
|
|
|
TOTAL |
324.300 |
313.524 |
90.364 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
140.003 |
145.062 |
12.692 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
15.257 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.032 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13.049 |
8.908 |
0.060 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
153.052 |
153.970 |
28.041 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
100.729 |
78.859 |
0.068 |
|
(c) Trade receivables |
34.756 |
22.126 |
6.160 |
|
(d) Cash and cash
equivalents |
26.391 |
57.567 |
56.095 |
|
(e) Short-term loans and
advances |
9.372 |
1.002 |
0.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
171.248 |
159.554 |
62.323 |
|
|
|
|
|
|
TOTAL |
324.300 |
313.524 |
90.364 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
465.004 |
|
|
|
|
Other Income |
3.287 |
NA |
|
|
|
TOTAL |
468.291 |
NA |
1.669 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
419.252 |
NA |
2.781 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
49.039 |
NA |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
16.667 |
NA |
Including Finance |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
32.372 |
NA |
(1.112) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.302 |
NA |
0.033 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
11.070 |
NA |
(1.145) |
|
|
|
|
|
|
|
TAX |
3.519 |
NA |
0.156 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
7.472 |
3.180 |
(1.301) |
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1.813 |
(1.367) |
N.A |
|
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
10.491 |
1.813 |
N.A |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
6.59 |
2.80 |
(1.147) |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
660.000 |
Expected Sales (2015-2016) : Rs. 1000.000 Million
The above information has been parted by Mr. Alpesh (Admin)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
3.750 |
0.000
|
N.A |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flow from operating activity |
N.A |
N.A |
N.A |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT / Sales) |
(%) |
1.62 |
N.A |
N.A |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.55 |
N.A |
N.A |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.41 |
N.A |
(1.53) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
N.A |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.27 |
0.90 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45 |
2.04 |
556.46 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
8.510 |
11.339 |
11.339 |
|
Reserves & Surplus |
74.625 |
101.851 |
110.529 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
5.742 |
0.000 |
|
Net
worth |
83.135 |
118.932 |
121.868 |
|
|
|
|
|
|
long-term borrowings |
6.975 |
37.890 |
78.479 |
|
Short term borrowings |
0.000 |
68.953 |
72.132 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
3.750 |
|
Total
borrowings |
6.975 |
106.843 |
154.361 |
|
Debt/Equity
ratio |
0.084 |
0.898 |
1.267 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter involved
in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note:
The Registered office of the company has been shifted 278, Pajwa Falia, Greenlines,
Katargam, Surat – 395004, Gujarat, India to the present address w.e.f.
09.10.2013
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Other Loans and Liabilities (Loans from Director) |
15.506 |
14.347 |
|
Total |
15.506 |
14.347 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10341060 |
20/01/2014 * |
110,000,000.00 |
PUNJAB NATIONAL BANK |
Main Branch, Meghnani Tower, Station Road, Surat, Gujarat – 395003, India |
B96084983 |
|
2 |
10341052 |
13/08/2014 * |
193,200,000.00 |
PUNJAB NATIONAL BANK |
Main Branch, Meghnani Tower, Station Road, Surat, Gujarat – 395003, India |
C35890243 |
|
3 |
10342735 |
19/08/2014 * |
193,200,000.00 |
PUNJAB NATIONAL BANK |
Main Branch, Meghnani Tower, Station Road, Surat, Gujarat – 395003, India |
C35894575 |
* Date of charge modification
FIXED ASSETS
- Factory Land
- Factory Building
- Office Building
- Plant and machinery
- Furniture and equipment
- Electrical Installation
- Computer System
- Motor Car and vehicle
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 64.92 |
|
|
1 |
Rs. 102.75 |
|
Euro |
1 |
Rs. 75.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
--DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.